Hokkaido Gas reports strong first-half earnings, profit up 40%

Hokkaido Gas reported a significant increase in its consolidated operating results for the six months ended September 30, 2025. Net sales rose by 4.9% to JPY 71,367 million compared to the previous corresponding period. Operating profit saw a substantial 39.2% jump to JPY 6,673 million, while ordinary profit increased by 40.3% to JPY 6,863 million. Profit attributable to owners of parent also surged by 40.6% to JPY 4,899 million. Basic earnings per share for the period were JPY 55.54.

The company's financial position strengthened, with net assets increasing by JPY 4,759 million year-on-year to JPY 93,245 million as of September 30, 2025, raising the equity-to-asset ratio to 49.4% from 44.1% at the end of the previous fiscal year. Total assets saw a decrease of JPY 11,588 million to JPY 183,842 million.

Hokkaido Gas expanded its consolidation scope by including Kitagas Lifront Co., Ltd. and Muroran Gas Co., Ltd. The acquisition of Muroran Gas Co., Ltd. resulted in a gain on bargain purchase of JPY 479 million. Full-year forecasts for the fiscal year ending March 31, 2026, remain unrevised, with expected net sales of JPY 168,700 million and profit attributable to owners of parent of JPY 10,488 million.